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12/30/2013

Democrats will be pushing higher minimum wages to help with 2014 elections

UPDATE: Fox News discussion on "Will minimum wage be hot topic in 2014 midterm elections?"ORIGINAL POST: Economists have long understood that minimum wages hurt the very lowest skilled individuals the most. The people who are just trying to get a leg up the later of success are stopped from getting on the first step. You raise the wages of employees so that there is an excess supply, and the ones who are the least productive (e.g., those that require the most training) are less likely to make the cut. Yet, Democrats claim that they are pushing higher minimum wages to help the poor. From the Associated Press:

Democrats vying to challenge a slew of Republican governors, particularly those seeking re-election in states that Obama won last year, are talking up an increase as their campaigns get off the ground 11 months before the election. . . .

1 Comments:

In 2014, Dems are running 100% on the labor union agenda: min wage, universal pre-k, and income inequality. If we want to talk about income inequality, we should be talking about the complete lack of accountability for outcomes in inner city schools that graduate people with barely an 8th grade reading level. Who is going to hire them, at any wage, in today's economy?